Birdwatch Note Rating
2024-10-26 14:50:54 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 8C4FE834E02CC2BA57343E758EADA830F80693A4F45340ABDDC56A8E2CFC38E6
Participant Details
Original Note:
While @unusual_whales statement is correct, Trump's description of foreign countries paying the tariff is factually incorrect. "consistent theoretical and empirical finding in economics is that domestic consumers and domestic firms bear the burden of a tariff, not the foreig.." https://budgetlab.yale.edu/research/fiscal-macroeconomic-and-price-estimates-tariffs-under-both-non-retaliation-and-retaliation
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